This is why I have liquidated my position in Bitcoins. There is very little upside going forward. No forward moves of late have any traction whatsoever and demand continues to lag. Way too little upside for such a risky proposition so my advice is to move into dollars. Only a significant change in the economy could alter this forecast.
Ironically, it is true that bitcoin will never reach $20 again! Albeit for the opposite reason the OP intended! I hope the ebook he is promoting in his sig is more insightful than this post was. ...
I dunno, it was a pretty good post. He seems to have timed it perfectly: after his post there were 18 months where BTC stagnated. It wasn't until February 2013 before there was any upside on July 2011.